Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Gap Down – Here’s Why

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) gapped down prior to trading on Friday . The stock had previously closed at $0.5130, but opened at $0.4707. Aston Martin Lagonda Global shares last traded at $0.4940, with a volume of 66,293 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on ARGGY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Thursday, May 14th. Sanford C. Bernstein cut Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Aston Martin Lagonda Global in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Aston Martin Lagonda Global currently has a consensus rating of “Hold”.

Aston Martin Lagonda Global Price Performance

The stock has a 50-day moving average of $0.59 and a two-hundred day moving average of $0.67.

About Aston Martin Lagonda Global

Aston Martin Lagonda Global plc is the holding company for Aston Martin Lagonda, a British manufacturer specializing in luxury performance automobiles. The company designs, engineers and assembles a portfolio of high-end sports cars, grand tourers and luxury SUVs. Its product range includes long-standing model lines such as the DB series and Vantage, as well as the DBX SUV, and a limited number of flagship hypercars including the Valkyrie and Valhalla. Under its Lagonda marque, the company is also developing all-electric luxury vehicles aimed at the ultra-premium segment.

Manufacturing and R&D are centered at its headquarters in Gaydon, Warwickshire, England, where the company integrates bespoke craftsmanship with advanced technologies.